Avnet, Inc. (NASDAQ: AVT) Soars on Strong Q3 Earnings and Analyst Price Target Hike

Font: Financial Modeling Prep  • Apr 29, 2026

• Avnet, Inc. (NASDAQ: AVT) reported robust Q3 2026 financial results, with revenue of $7.12 billion and earnings per share (EPS) of $1.48, both exceeding analyst expectations.
• Truist Financial raised its price target for Avnet to $95.00, indicating a potential 16.52% upside from its trading price of $81.53.
• The AVT stock price recently reached a new 52-week high of $82.51, reflecting strong market confidence in the global electronic components distributor.

Avnet, Inc. (NASDAQ: AVT) is a global electronic components distributor and provider of related services. The company is a key part of the technology supply chain, connecting electronics manufacturers with a wide range of customers who design and build technological products.

On April 29, 2026, Truist Financial raised its price target for Avnet to $95.00. A price target is an analyst's estimate of a stock's future value. With the AVT stock trading at $81.53 at the time, this new target represents a potential increase of 16.52%.

This optimistic view follows the company's strong financial performance. As highlighted by Zacks, Avnet's third-quarter revenue for the period ending March 2026 is $7.12 billion. This amount is a 34% increase from the previous year and beats the consensus estimate of $6.35 billion.

The company’s profitability also shows significant improvement. Its earnings per share (EPS) for the quarter is $1.48. EPS is a measure of a company's profit for each share of its stock. This figure is up from $0.84 in the same quarter last year and exceeds analyst forecasts of $1.33.

The market is reacting to this strong performance. Avnet's stock price recently hit a new 52-week high of $82.51. The company's current market capitalization, which is the total value of all its shares, stands at approximately $6.67 billion.